Ecovyst (NYSE:ECVT) Raised to “Buy” at Wall Street Zen

Ecovyst (NYSE:ECVT) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research analysts also recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, October 8th. BMO Capital Markets upped their price target on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.67.

Ecovyst Stock Down 2.3%

Shares of NYSE:ECVT opened at $8.10 on Friday. Ecovyst has a 52 week low of $5.24 and a 52 week high of $9.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.25. The company’s fifty day moving average is $8.84 and its 200-day moving average is $7.90. The company has a market capitalization of $926.80 million, a PE ratio of -67.50, a P/E/G ratio of 3.62 and a beta of 1.20.

Ecovyst (NYSE:ECVT) last issued its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $200.10 million for the quarter, compared to the consensus estimate of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Equities research analysts predict that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Ecovyst

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Ecovyst by 11,312.2% during the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock worth $35,000 after purchasing an additional 5,543 shares during the last quarter. CWM LLC raised its holdings in Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after purchasing an additional 5,823 shares during the last quarter. AlphaQuest LLC raised its holdings in Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock worth $56,000 after purchasing an additional 3,396 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in Ecovyst during the 1st quarter worth about $73,000. 86.69% of the stock is owned by institutional investors.

About Ecovyst

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.